Wealth manager, independent · Malvern, PA
Wharton Business Group, LLC
SEC-registered investment adviser · CRD 133722 · SEC 801-70752
At a glance
Wharton Business Group, LLC is an SEC-registered investment adviser based in Malvern, Pennsylvania, with $4.6B in regulatory assets under management as of its Form ADV filed August 1, 2026. It reports 100 individual clients, 78 of them high-net-worth, holding an average of about $37 million each, and 5 employees. That ranks it 250th among the nation’s 5,657 independent wealth management RIAs and 15th of 260 in Pennsylvania. It reports Charles Schwab as the custodian for its clients’ separately managed accounts.
Main office 484-327-8262whartonbusinessgroupllc.comAs filed on Form ADV
- Regulatory AUM
- $4.6B
- Rank among independent wealth managers
- #250 of 5,657
- Rank among all SEC RIAs
- #2,237 of 17,210
- Rank in Pennsylvania
- #15 of 260
- Individual clients
- 100
- High-net-worth clients
- 78
- Accounts
- 337
- Discretionary
- 91% of AUM
- Employees
- 5
- Advisory staff
- 3
- Offices
- 2
Owners and executives on its Form ADV
- Billy J. WebsterChief Compliance Officer
Custody and brokerage
Broker-dealer
Affiliated broker-dealer
It names an affiliated broker-dealer: Alera Securities LLC.
- Alera Securities LLC ↗CRD 335132
It doesn’t hold client accounts or customer funds itself. Its annual audited report filed with the SEC, March 2026
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 78 | $3.7B | 81% |
| Charitable organizations | 19 | $638M | 14% |
| Corporations or other businesses | – | $104M | 2% |
| Pension and profit sharing plans | – | $96M | 2% |
| Individuals | 22 | $10M | <1% |
Disciplinary disclosures
Wharton Business Group, LLC answers yes to 1 disclosure item in Item 11 of Form ADV (criminal, regulatory or civil matters involving the firm or its advisory affiliates). Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Pension consulting
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗whartonbusinessgroupllc.com ↗
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Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Growth over one, three and five years
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- Rank against 884 peers of its type and size
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- Main office, fax and compliance officer
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in Pennsylvania
All of Pennsylvania →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Waldron Private WealthBridgeville | $5.5B | 517 |
| Legacy Advisors, LLCPlymouth Meeting | $5.2B | 306 |
| JFS Wealth Advisors, LLCHermitage | $4.7B | 2,216 |
| Sage Financial Group Inc.West Conshohocken | $4.3B | 1,101 |
| Wescott Financial Advisory Group LLCPhiladelphia | $4.2B | 769 |
| Nordwand AdvisorsRadnor | $4.0B | 57 |
Background
Questions
How much does Wharton Business Group, LLC manage?
Wharton Business Group, LLC reports $4.6B in regulatory assets under management across 337 accounts, 91% of it on a discretionary basis, on its Form ADV filed August 1, 2026.
How many clients does Wharton Business Group, LLC have?
It reports 100 individual clients: 78 high-net-worth individuals and 22 other individuals. Individuals account for about 82% of its regulatory assets.
Where is Wharton Business Group, LLC headquartered?
Its main office is in Malvern, Pennsylvania. It reports 2 offices in total and 5 employees, 3 of whom perform investment advisory functions.
How does Wharton Business Group, LLC charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; hourly charges; fixed fees. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Wharton Business Group, LLC use?
It reports Charles Schwab as the custodian for its clients’ separately managed accounts. On Schedule D of its Form ADV filed August 1, 2026, it reports these amounts held: Charles Schwab ($4.4B). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Wharton Business Group, LLC a hybrid RIA with a broker-dealer?
It names an affiliated broker-dealer: Alera Securities LLC.
Is Wharton Business Group, LLC a fiduciary?
As an SEC-registered investment adviser, Wharton Business Group, LLC owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. It reports no employees who are registered representatives of a broker-dealer.
Where these numbers come from
Every figure is Wharton Business Group, LLC’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-08-01), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →